GameStop GME,
the frenzy may have cooled, but attention will turn to failures later on Thursday as lawmakers are ready to grill key players.
Some of the main players are due to face the House Financial Services Committee at noon, following the reaction against the online trading platform Robinhood and the decisions of other brokers to temporarily restrict the trading of so-called meme stocks, such as the game retailer video, last month.
The sale of the bond market and the increase in Treasury yields also remain the focus of attention, confirming optimism about the recovery of COVID-19, but also causing concerns about rising inflation. Yield on the 10-year Treasury benchmark TMUBMUSD10Y,
jumped 38 basis points this year. Yields fell early on Thursday, ahead of weekly US unemployment data later that day.
BRN00 oil prices,
continued higher, after US prices CL.1,
more than $ 60 was set Wednesday as freezing conditions kept Texas refineries closed and production cut off.
In ours call of the dayCommerzbank analysts said the goods were “completely detached from reality”, noting that oil prices were particularly stagnant with news that would usually reduce them. The recent rise in metal prices has also begun to appear “excessive,” they added.
“Nothing seems to be able to stop rising oil prices right now,” said energy analyst Carsten Fritsch, noting that Brent has won in 14 of the last 15 trading days, rising about $ 10 in three weeks. A number of developments are ignored, he said, including reports that higher prices have led the Organization of the Petroleum Exporting Countries to consider the gradual increase in oil supplies since April and the likelihood that Saudi Arabia will not extend its voluntary production cuts beyond. by the end of March.
“This selective perception is characteristic of excess markets,” Fritsch added. “Normally, oil prices should have responded to such news by falling significantly, as it is likely to reach up to 1.5 million additional barrels of crude oil per day on the market in April,” he said.
This detachment of reality is also present when it comes to HG00 copper,
which hit its highest level since April 2012 on Thursday, as well as nickel and aluminum, which also hit multi-year highs, Commerzbank analysts said – largely in hopes of a significant global economic recovery. Analysts noted that Chinese traders returned to the markets after a week-long holiday, raising prices.
However, precious and industrial metals analyst Daniel Briesemann said there was no new data to support a “sharp rise” in metal prices in recent weeks. “In our opinion, metal prices are currently driven largely by speculation, and growth is starting to seem excessive. From a technical perspective, copper and aluminum are over-purchased again today, measured in relation to the relative strength index, “he said in a note.
Aur GC00,
which fell below the key level of $ 1,800 per ounce earlier this week amid rising bond yields and the strength of the dollar, is also detached from reality, but in the opposite direction, Fritsch said.
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DoubleLine Capital billionaire “King Bond” Jeffrey Gundlach is about to turn into a bitcoin BTCUSD,
fan?
markets
US YM00 futures,
ES00,
NQ00,
showed below in front of the opening, after DJIA Dow Jones Industrial Average,
closed at a record high on Wednesday. European equities were lower in early trading as investors digested mixed corporate earnings. The actions of technology led to the decline of the Asian market overnight.
Buzz
Tilray TLRY,
reduced losses and increased revenues in the last three months of 2020, as it prepared to merge with Canadian marijuana company Aphria APHA,
Shares in Tilray increased by more than 8% in premarket trading.
Walmart WMT,
announced a new $ 20 billion share buyback plan as the retailer’s revenue missed forecasts.
Google GOOG,
has made deals in Australia to pay for journalism, while Facebook FB,
promised to restrict the exchange of news as Australian lawmakers consider forcing digital giants into payment agreements.
Mining stocks gained on Thursday as copper futures rallied to their highest level since April 2012. Rio Tinto RIO,
Antofagasta ANTO,
and BHP BHP,
they were among the greatest ascendants.
Apple AAPL,
shares fell a month on Wednesday after the technology giant’s largest shareholders said they had lowered their stakes.
Airbus AIR,
the stock fell by more than 3% as the 2021 aircraft manufacturer’s guide disappointed investors. The company said it does not expect to deliver more aircraft in 2021 than the 566 it delivered in 2020.
Random readings
“I was invited to a COVID-19 vaccine because the National Health Service thought I was 6 cm tall.”
The man finds a sea mine washed on the beach and takes it home to use as a footstool.
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